CACI Awarded $32 Million Prime Contract to Provide Defense Security Service with Program Management and Support Services
Continuing Work Expands Company's Role in Supporting National Security Mission of Under Secretary of Defense for Intelligence
Arlington, VA, April 1, 2009 - CACI International Inc (NYSE:CAI) announced today that it has been awarded a $32 million prime contract to continue the company's support for the Department of Defense's (DoD) Defense Security Services' (DSS) professional management, technical, and administrative services. The contract is for one base year and three option years and was made through the GSA MOBIS contract vehicle. The award, which includes significant growth, increases CACI's involvement in providing program management services in the rapidly expanding industrial security arena.
The Under Secretary of Defense for Intelligence provides authority, direction and control over DSS. The agency is responsible for protecting national security assets and information in the hands of industry as part of the National Industrial Security Program (NISP) and providing integrated security services to the DoD. DSS manages personnel security investigations and supervises industrial security for approximately 12,000 cleared contractor facilities, and performs security education and awareness training for security program professionals.
CACI will draw upon its core competency of program management and systems engineering and technical assistance (PM SETA) support services to provide the bulk of cleared, administrative support to DSS, as well as a range of services that include financial management, contracts management, and facilities management of the agency's training program. The company will provide this ongoing assistance at 18 DSS offices located throughout the United States.
According to Bill Fairl, CACI's President of U.S. Operations, "CACI is pleased that this award enables us to continue assisting the Defense Security Service with its valuable work for our nation. The contract strategically positions the company for new opportunities to support the Office of the Under Secretary of Defense for Intelligence mission with highly experienced CACI people."
CACI President and CEO Paul Cofoni said, "It is vitally important to protect every segment of the defense industry's infrastructure in today's challenging times. We're proud that this work with the Defense Security Service continues and grows our direct program management involvement with the Department of Defense."
CACI International Inc provides the professional services and IT solutions needed to prevail in today's defense, intelligence, homeland security, and federal civilian government arenas. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR integration services; cyber security, information assurance, and information operations; integrated security and intelligence solutions; and program management and SETA support services. CACI services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. We add value to our clients' operations, increase their skills and capabilities, and enhance their missions. CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 12,400 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at www.caci.com and www.asymmetricthreat.net.
There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from terrorist activities or war; changes in interest rates; currency fluctuations; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects, based on a change in spending patterns, or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; and (iv) accounting for convertible debt instruments; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.
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For investor information contact:
David Dragics
Senior Vice President, Investor Relations
(866) 606-3471
ddragics@caci.com
For other information contact:
Jody Brown
Executive Vice President, Public Relations
(703) 841-7801
jbrown@caci.com
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